Brazil

Brazil's GDP (PPP and Nominal) is the highest of Latin America with large and developed agricultural, mining, manufacturing, and service sectors, as well as a large labor pool. The country has been expanding its presence in international financial and commodities markets, and is regarded as one in the group of four emerging BRIC economies (Brazil, Russia, India and China).

Major export products include aircraft, coffee, automobiles, soybean, iron ore, orange juice, steel, ethanol, textiles, footwear, corned beef and electrical equipment.

Brazil has a diversified middle income economy with wide variations in development levels. Most large industry is agglomerated in the Southern and South East states. The Northeast is the poorest region of Brazil, but it has attracted new investments in infrastructure for the tourism sector and intensive agricultural schemes.

According to the International Monetary Fund and the World Bank, Brazil has the ninth largest economy in the world by purchasing power parity (PPP) and tenth largest at market exchange rates.

Foreign direct investment (FDI) is increasing and was estimated to be USD 193.8bn in 2007.

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